Patrick and Vivian Fuller, co-owners of WB The Creative Jewellery Group, have announced that, after 70 years in family ownership, the business has been sold to the Heimerle + Meule Group, the precious metals division of L. Possehl & Co. mbH, for an undisclosed sum.
The sale includes all three businesses in WB The Creative Jewellery Group – the precious jewellery brand Domino, the casting, 3D printing and bespoke manufacturing company Weston Beamor and silver and fashion jewellery brand Gecko.
Under the deal all 180 current members of staff retain their jobs and the businesses will continue to be run independently by the existing management team under the leadership of managing director, Andrew Morton. Whilst Vivian Fuller will take full retirement, Patrick Fuller will, for the foreseeable future, hold an ambassadorial role within the business.
Speaking about the sale, Patrick Fuller, shares: “Vivian and I have enjoyed building WB The Creative Jewellery Group over the past forty years to become a major supplier within the jewellery industry but it is now time for us to retire and hand over the further development of the business to the very capable team who are already in place. We believe that whilst the business will be independently run, operating within the same Group as Cookson Precious Metals Ltd and Possehl’s other precious metal companies will bring real advantages in the future.”
The Possehl Group comprises of more than 160 companies, operating in over 30 different countries and is organised across nine separate divisions. The Heimerle + Meule Group, of which Cookson Precious Metals Ltd is also a member, heads up the precious metal division. Possehl’s business management approach is centered on supporting their various entities, enabling them to be run as independently as possible, and maintaining an entrepreneurial culture within each business.
Speaking for Heimerle + Meule, the Group chief executive officer, Thomas Frey, remarks: “We are delighted to have acquired such a successful UK based jewellery company, and believe that together we can help build a stronger UK jewellery industry.”